Gulf Warehousing advances on deal with Maersk Oil Qatar

  • Qatar: Monday, December 10 - 2012 at 16:28

The QE 20 Index ended down 0.15% at 8,341.86 Monday as six out of 8 sector indices landed in the red. Market heavyweight Industries Qatar slipped 0.13%. Gulf Warehousing Co. or GWC added 0.38% to reach QR40. Earlier in the day, the logistics company said it has won a tender and signed a contract with Maersk Oil in Qatar. The contract places all of Maersk Oil Qatar's freight forwarding operations for the next three years in the hands of GWC, including global freight forwarding, transportation, and customs clearance. GWC did not disclose the value of the deal. The Maersk Group is a Danish business conglomerate and operates in 135 countries, primarily in transportation and energy.

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